Western Europe's largest oil field shut down - oil prices soar

A production outage at Western Europe's largest oil field is driving up oil prices. North Sea Brent crude and US WTI crude each increased in price by around three percent to 72.95 and 68.82 dollars per barrel (159 liters). They thus extended their gains following the escalation of the Ukraine war at the weekend and reached their highest level in around a week. The Norwegian oil company Equinor $EQNR (-0,2 %) announced that production at its "Johan Sverdrup" oil field had been halted due to a power outage. The company did not give a timetable for the resumption of production.

Source of information: Handelsblatt Newsblog